Press Release / Technology / Cognitive Assessment and Training Market Emerging Technologies and Industry Growth by Forecast to 2023

Cognitive Assessment and Training Market Emerging Technologies and Industry Growth by Forecast to 2023

Market Highlights:

Cognitive assessment and training modules have become a sought-after solution for evaluating the intellectual capability of an individual. Demand for such solutions has grown consistently in recent years. Market Research Future (MRFR’s) latest report reveals that the global cognitive assessment & training market will surge at a compound annual growth rate of 25% during the forecast period (2017-2023).

Cognitive assessment is increasingly used for determining an individual’s grasping power, learning ability, concentration span and various other psychological attributes. Its also being leveraged to understand and study the metal status of people in order to tackle issues of depression and emotional stress. Cognitive training can help overcoming various psychological barriers and improve mental strength. These assessment and training modules vary depending on the age and mental status of as individual. From a teenager to and elderly person, cognitive assessment is being the utilized to understand mental strength of individuals belonging from different age group. It can also help students who face learning difficulties or have disorders such as dyscalculia and dyslexia. The aforementioned factors are reflecting favourably on the global cognitive assessment and training market. Efficient brain training is viewed as an important part of developing the intellectual capacity of human being further, where cognitive assessment and training can play a pivotal role.

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Major Key Players:

Cambridge Cognition Ltd. (U.K),
Cogstate Ltd. (U.S.),
Bracket Global (U.S.),
Medavante, Inc. (U.S.),
Quest Diagnostics, Inc. (U.S.),
ProPhase, LLC (U.S.),
Cognifit (U.S.),
Eresearchtechnology Inc. (U.S.),
Neurocog Trials, Inc. (U.S.),
Pearson Education (U.K)
According to MRFR, The global cognitive assessment and training market is expected to grow with approximately 25% of CAGR during forecast period 2017-2023.

Industry News

Prominent private equity firm CIP Capital recently revealed that is made an investment in the US based provider of research-proven math products and innovative learning services Carnegie learning. CIP is also plotting to merge its newly acquired Language Learning Solutions business New Mountain Learning (NML) with Carnegie to create a dynamic, progressive and comprehensive synergy that can develop advanced learning technologies.

Market leader CogniFit has recently introduced an innovative online cognitive assessment battery aimed at helping identify signs of depression and the changed cognitive processes it causes. In addition, the battery will also specify the individual’s cognitive risk index for depression.

Regional Analysis:

North America region holds the largest market share of global cognitive assessment & training market followed by Europe and Asia Pacific regions. The growth in the North America region is mainly dominated by U.S. and Canada and is attributed to rise in technological enhancements and aging population in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies. The growing demand for improving the neuroplasticity of the brain and increasing awareness about brain fitness are the major driving factors of cognitive assessment and training market in the region.

Segmentation

Cognitive assessment & training market can be segmented on the basis of following:

By Component

Solution

Data Management
Project Management
Data Analysis & Reporting
Assessment
Services

Consulting
Training & Support
By Assessment Type

Hosted Assessment
Biometric Assessment
Pen & Paper Based Assessment
By Application

Classroom Learning
Corporate Learning
Brain Training
Clinical Trials
Research
By Vertical

Corporate
Healthcare
Education
Sports
Defense
Pharmaceuticals
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Intended Audience

Technology Investors
Research/Consultancy firms
Technology Solution Providers
Government Bodies
Software Vendors
CROs
Hospitals
Healthcare practitioners
Brain training companies
LIST OF TABLES

TABLE 1 COGNITIVE ASSESSMENT & TRAINING MARKET, BY COMPONENT

TABLE 2 COGNITIVE ASSESSMENT & TRAINING MARKET, BY ASSESSMENT TYPE

TABLE 3 COGNITIVE ASSESSMENT & TRAINING MARKET, BY APPLICATION

TABLE 4 COGNITIVE ASSESSMENT & TRAINING MARKET, BY VERTICAL

TABLE 5 COGNITIVE ASSESSMENT & TRAINING MARKET, BY REGION

TABLE 6 NORTH AMERICA COGNITIVE ASSESSMENT & TRAINING MARKET, BY COMPONENT

TABLE 8 NORTH AMERICA COGNITIVE ASSESSMENT & TRAINING MARKET, BY APPLICATION

Continued……

LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 COGNITIVE ASSESSMENT & TRAINING MARKET, BY COMPONENT

FIGURE 3 COGNITIVE ASSESSMENT & TRAINING MARKET, BY ASSESSMENT TYPE

FIGURE 4 COGNITIVE ASSESSMENT & TRAINING MARKET, BY APPLICATION

FIGURE 5 COGNITIVE ASSESSMENT & TRAINING MARKET, BY VERTICAL

Continued……

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